Hours later, however, as details emerged of America’s controversial new immigration policy, May was on the back foot and ultimately had no choice but to join the chorus of international criticism that has met the President’s order.Read more: Theresa May distances herself from Trump’s immigration stanceMeanwhile, senior US figures point out that the proposed travel ban is likely to cause lasting harm to US interests and will offer little in the way of additional security.Alongside this political backlash and the protests springing up at airports and outside the White House, the reaction of the business world has been particularly interesting.The instincts of many business leaders, particularly those in the tech world, run counter to the idea of walls, travel bans and ‘enhanced vetting’. whatsapp Events have moved fast since Theresa May walked hand-in-hand with President Trump outside the White House.Initial reaction to May’s Washington visit was positive: the PM had charmed Congressional Republicans, banged the drum for increased US-UK trade and held a successful press conference with the new President. As Bloomberg’s Francine Lacqua argued in these pages last week, business leaders “need to speak out against Trump’s bullying”. She was referring to his broadsides against specific companies or business practices, but as the new US administration takes shape we can expect more vocal criticism of Trump’s broader policy agenda.Politicians and business leaders alike are discovering just how different – and difficult – Trump’s America is going to be. Tech giants are hitting back against Donald Trump’s immigration ban Christian May Read more: British nationals will be exempt from Trump’s travel banThe corporate criticism of Trump’s latest executive order is both practical and moral. Apple has shared its concerns directly with the new administration while CEO Tim Cook has told staff in response that “diversity makes us stronger”.Apple’s founder, Steve Jobs, was the child of a Syrian immigrant, after all. The CEO of Netflix has described the move as “un-American” and Twitter boss Jack Dorsey has condemned the “real and upsetting” human and financial costs of the order.Airbnb moved quickly to offer accommodation to travellers caught up in the mess and Uber’s founder, Travis Kalanick – who sits on Trump’s business advisory board – has set up a multi-million dollar fund to help Uber drivers affected by the policy with legal fees. He described the policy as being “against everything Uber stands for”.Read more: Mo Farah slams Trump’s travel ban as “deeply troubling” Monday 30 January 2017 5:00 am Share whatsapp
whatsapp Raab’s excellent work in Parliament has largely focused on championing the “little guy” – and in this case, small businesses who are working long hours and on tight margins and who do not have the time or the clout to put up a fight against the taxman. That’s why he has recommended that financial penalties should be imposed on HMRC to compensate taxpayers who suffer from the arbitrary use of new powers.The tax system should be fair but, crucially, also seen to be fair. Our 23,000-page tax code contains far too many taxes that are the biggest cost of living for most families. Too many taxes are also disguised as higher prices or levies on business. And complication means that taxpayers feel that others exploit loopholes and don’t pay their fair share. We have to change that by simplifying the tax system – the prizes are significant. whatsapp Share The tax system is not just burdensome for families and businesses – it’s also a nightmare for HMRC to administer. The stories of bungles are all too frequent, with even simple PAYE calculations regularly going wrong. Many trust that the right amount of tax is deducted from their payslip and are left hard-up when they are told they must pay money back (under the threat of imprisonment, let’s remember). That HMRC makes such errors is of course partly down to incompetence, but it’s also indicative of a ludicrously complex system that went out of control some time ago.Read more: Punitive taxation is threatening the competitiveness of UK bankingDominic Raab MP has outlined what should be done about this in a new paper for the TaxPayers’ Alliance, recommending ways to simplify the system.He rightly says that the Office of Tax Simplification should play a bigger role in the design of the system – it does good work. He says that Corporation Tax should be replaced by a tax on distributed profits too. Again, spot on – Corporation Tax has had its day and is no longer suitable for a global economy which is not based on bricks and mortar businesses.Raab also argues for a big simplification of payroll taxes, with a cut in National Insurance for the lowest paid workers. This can be done by raising the threshold at which employees start paying National Insurance to the same level as that of income tax, currently £11,000. What’s clear is that complicated taxes punish families and mean businesses spend less time innovating and less money investing. Punish HMRC for arbitrarily bullying the victims of our complex tax code Read more: National insurance is a complicated relic: Axe it in three simple stepsPresumably as befuddled by the tax system as the rest of us, HMRC has stealthily acquired arbitrary powers to collect more money from so-called tax avoiders. In 2014 a new power was conferred upon the taxman to issue Accelerated Payment Notices (APNs), which are sent to those who have been “found” to have been using tax avoidance schemes.These notices mean that HMRC can demand payment of tax owed upfront within 90 days – but crucially, before the charge can be contested. Some may cheer this as tax dodgers getting their comeuppance but, tellingly, HMRC has had to withdraw 2,000 APNs after their targets were found not to be covered by the Disclosure of Tax Avoidance Schemes policy.HMRC also has a new power known as the Direct Recovery of Debts, where arrears of over £1,000 can simply be taken directly from the taxpayer’s bank account. As Raab argues in his paper, this rule has not been used formally all that often, but the power it confers has been used to bully taxpayers.Read more: Can big business relax? HMRC is pulling in less cash from tax probes John O’ConnellJohn O’Connell is chief executive of the TaxPayers’ Alliance A good rule of thumb for a system or process: if you sat down and designed it from scratch, would it look like it does now?Ask that question of the tax system and the answer, of course, is a resounding “no”. It is a hideously complicated mess that punishes families and businesses, while destroying trust in the notion that everyone plays by the same rules. 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“Putin has hardened his stance against me,” Browder told City A.M. “My campaign has shone a very bright light on how much Putin personally steals from his people and that infuriates him.”However, the ceaseless campaigning has started to pay off. Legislation designed to freeze the assets of those who torture and violate human rights is about to pass into UK law. Brainchild of Browder and MP Dominic Raab, the Magnitsky law follows on from similar legislation in the US.What’s more, a large chunk of the assets which were stolen by Russian officials, setting off a chain of events that ultimately led to Magnitsky’s untimely death, have been frozen around the world.Browder’s journey started in the spirit of adventure and entrepreneurship. With famous Lebanese banker Edmond Safra, he founded Hermitage Capital Management in 1996 for the purpose of investing in Russia. The business was very successful, profiting from the wave of privatisations in Russia at that time. In 2005, after Browder became vocal about corporate corruption in Russia, he was blacklisted by the Russian government as a “threat to national security” and denied entry to the country.Eighteen months later, dozens of police officers swooped on the Moscow offices of Hermitage and its law firm, confiscating documents and computers. The raids in June 2007 enabled corrupt law enforcement officers to steal the corporate registration documents of three Hermitage holding companies, enabling them to defraud the company out of $230m (£186m). President Trump’s stance on Putin must be galling for him. Browder pulls no punches in his response: “He is making a serious error in judgement if he thinks he can appease Putin. Putin just views appeasement as weakness, which emboldens him to do even more terrible things.”What does he think about foreign secretary Boris Johnson’s upcoming visit to Moscow? “As long as he’s going to show the UK’s tough position on Ukraine, sanctions and geopolitical meddling, and not to appease Putin, then I’m fine.” Share Monday 20 March 2017 12:05 am whatsapp Financier Bill Browder, thorn in Putin’s side, is on the verge of securing a UK Magnitsky law after a five-year push In November 2008, after testifying against the officials involved, Sergei Magnitsky, one of Hermitage’s lawyers, was arrested by the very same officers he had testified against.Browder says that Magnitsky was tortured for 358 days as his jailers tried to get him to withdraw his testimony and sign a false confession that he was the one responsible for the tax fraud. He refused. On 16 November 2009 he died after allegedly being beaten by prison guards.Browder’s metamorphosis from financier into full-time campaigner started at that point.He explains: “Sergei Magnitsky died because he was my lawyer and I made a vow to his memory to get justice. Unfortunately, Russia circled the wagons and exonerated all the officials involved. They even gave some of the most complicit state honours. It was obvious we had to seek justice outside Russia.”An early success was the US Magnitsky law which imposed visa sanctions and asset freezes against the corrupt Russian officials who had killed Magnitsky. US-born Browder, who is now a British citizen, has fought hard for an equivalent Magnitsky law in the UK because “nearly every tin-pot dictator who tortures and kills in their own country has an expensive home in London”. Up until now, he believes people have largely been turning a blind eye to their presence. Since Sergei Magnitsky was killed in a Russian jail in 2009, financier Bill Browder has campaigned vociferously to bring those responsible for his former lawyer’s death to justice. This high-profile activity has set him on a collision course with the Russian authorities and specifically Vladimir Putin.In apparent retaliation against his justice campaign, the Russian authorities have put Browder on trial in absentia in Russia and convicted him of charges which he calls “trumped up”. They have tried multiple times to get Interpol to arrest him and made repeated attempts to seize his assets. He has even had death threats. Eight years on from Magnitsky’s death, there is no let up in sight. Tracey Boles The new legislation, an amendment to the criminal finances bill, will apply to individuals who financially profited from or assisted the human rights violations. It lays the groundwork for civil recovery proceedings to be brought with regard to property belonging to human rights violators.The proposed law, set for its final “line-by-line” reading in the House of Lords at the end of this month, applies to torture whether it occurred before or after the law is enacted.After the second reading, Lord Rooker said: “I salute Mr Browder for his dedication and perseverance in trying to bring those guilty of the murder of his lawyer to justice. Chasing them legally around the world, and now in this Bill, is a must.”Browder credits the “political genius” of Raab for getting the legislation to this point after five years. “[Prime Minister Theresa] May has authorised the act. It is a huge blow to the human rights violators. The intention is to make life uncomfortable for them. We have many corrupt Russian officials in mind. We hope it creates panic and fear in the perpetrators of this crime and others like it.”Browder, whose dramatic life story is being turned into a film, vows to carry on until the criminals are brought to justice in Russia. He acknowledges this will not happen while Putin is in power and cautions others against doing business in Russia. “You are risking your money and risking your life,” he says. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated Articles10 Amazing RVs You Won’t Want To Miss8 Amazing Bathroom Cleaning HacksThe Rich List: Top 5 TikTok Earners
by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderGloriousaOctomom’s Kids Are All Grown Up. Here’s How They Turned OutGloriousaArticles StoneTeacher Throws Marine Out, He Gets The Last LaughArticles Stone Budget 2020: Chancellor Rishi Sunak promises “record” infrastructure spend (Getty Images) Also Read: Budget 2020: Chancellor Rishi Sunak promises “record” infrastructure spend Show Comments ▼ Sunak said: “We can’t level up Britain and spread opportunity if we are spending our journeys dodging potholes and forking out for the damage they cause. It’s vital we keep roads in good condition.” The Budget, which will be delivered tomorrow, will see more money being made available for transport infrastructure, such as roads and railways, as well as investment in affordable housing, broadband and research. The Treasury said Sunak will triple the average net investment seen over the past 40 years as part of the Prime Minister’s “levelling up” plans. whatsapp Get the news as it happens by following City A.M. on Twitter. As part of the infrastructure spending, Sunak is expected to announce £2.5bn of funding to fix up to 50m potholes across the country. (Getty Images) Sign up to City A.M.’s Midday Update newsletter, delivered to your inbox every lunchtime Angharad Carrick “That’s why we are going to eradicate the scourge of potholes in every part of the country.” whatsapp Chancellor Rishi Sunak will pledge £600bn over a decade, as he promises “record amounts” of infrastructure investment in tomorrow’s Budget. (Getty Images) Also Read: Budget 2020: Chancellor Rishi Sunak promises “record” infrastructure spend “We have listened and will now deliver on our promise to level up the UK, ensuring everyone has the same chances and opportunities in life, wherever they live.” Speaking on the eve of his statement, Sunak said: “This is a Budget for people right across the country – no region will be left behind.” Share The spending package will be spread over the next five years and the Treasury said it would be enough to fix 10m pot holes a year. The funding will also be available for local authorities to undertake road resurfacing. The Chancellor will deliver the Budget just a month into the job, after his predecessor Sajid Javid resigned during the Prime Minister’s reshuffle. Tags: Budget 2020 The government has faced calls for increased spending to help tackle the coronavirus outbreak. On Sunday, Sunak told Andrew Marr that the NHS would get “whatever resources it needs” during th ecrisis. Tuesday 10 March 2020 10:30 pm
Alcohol & Substance Abuse | Juneau | Politics | Southcentral | State GovernmentOverdose antidote bill is one of few minority-sponsored bills that passesMarch 8, 2016 by Andrew Kitchenman, KTOO and Alaska Public Media Share:The House passed a bill Monday that provides civil immunity to those who give an antidote to reverse overdoses from heroin and other opioid drugs.Sen. Johnny Ellis in the Alaska Senate chambers, March, 7, 2016. (Photo by Skip Gray/360 North)Anchorage Democratic Sen. Johnny Ellis sponsored the bill. This made it unusual, since few bills sponsored by members of the minority party ever come up for votes.The passage of Senate Bill 23 received unanimous support, with every representative present voting for it.If the Senate – which already passed an earlier version – approves of the current bill, and Gov. Bill Walker signs it – the bill would join a small group of minority Democratic bills that become law.Ellis said the urgency to pass the law came in part from the rising number of overdose deaths both in Alaska and nationally. The bill allows doctors and pharmacists to provide naloxone, or Narcan, a drug that reverses the effects of overdoses.“We have a heroin addiction overdose epidemic in the state of Alaska,” Ellis said. “And I knew that we had achieved a breakthrough when I heard Hillary Clinton talk about Narcan, this life-saving miracle drug to reverse opioid overdoses. And heard (New Jersey Gov.) Chris Christie, who was vying for the Republican nomination for president, speak up in favor of the legislation.”The urgency over the issue was cited by Wasilla Republican Representative Lynn Gattis, who worked with Ellis on the bill. Gattis notes that the House has focused on budget bills recently, but leaders allowed the overdose antidote bill to advance.“I also applaud leadership for recognizing that this is a life and death issue, for making an exception to this incredibly unique and critically important bill,” Gattis said.Since 2013, only nine of 180 bills — or 5 percent — passed by the Legislature had minority-caucus sponsors. That’s because the Republican-led majority controls which bills receive votes.Ellis recalled that a similar pattern held when Democrats have controlled the majority.He said that over time, the minority bills that did advance had broad support, including backing from important groups. The overdose antidote bill was supported by the Alaska State Medical Association.“It really did help that the original idea for the bill, the original support was the State Medical Association,” he said. “And Republican majority members often listen to medical doctors, and (doctors) wanted a release from civil liability.”While minority-supported bills that become laws have very different subjects, one thing they have in common is support from a broad coalition — one that has the attention of the majority.For example Rep. Jonathan Kreiss-Tomkins, a Sitka Democrat, was the sponsor of another prominent minority-sponsored bill. It made Alaska Native languages official languages in the state.He said that it helps when bills can draw on broad coalitions of supporters, rather than narrow support.“If you focus on ideological legislation that isn’t shared by a majority of a body, it’s less likely to pass, whether it’s extreme to the right or extreme to the left,” Kreiss-Tomkins said. “I think if you look at deeply conservative or deeply liberal legislation, the rates of passage for that kind of legislation is pretty low.”House Minority Leader Rep. Chris Tuck, an Anchorage Democrat, said it can be frustrating that relatively few minority bills become law. He says he’d do it differently if he ever has the power to change it. Democrats haven’t had a majority in the House in 22 years.“People ask me, well, Democrats are going to do the same thing when they’re in power,” Tuck said. “No, not initially. But if they reigned as long as this majority has control of everything, then things start becoming more heavy handed and more heavy handed and more heavy handed. So I think it’s a really good idea to have the power flip back and forth.”Ellis noted that Walker has signaled support for the bill, and he’s hopeful that it will become law soon.Share this story:
ArtEducationMeet the Fierce Women Keeping This Radical Eastside Community Space AliveEl Sereno’s activists and artists find a second home at Eastside CaféBy Andrea Alonso – February 19, 20181612ShareEmailFacebookTwitterPinterestReddItThere’s a word in Spanish, convivir, that doesn’t quite have an English equivalent. Translated literally, the closest you could probably come would be to coexist, a term that can also mean to tolerate or to endure, which belies the sentiment behind that symbol-laden bumper sticker you’ve seen plastered on countless Subarus and Saabs calling for harmonious diversity. You could settle for to live together as a broader, safer definition, yet the truth is there would still be something—a potent, emotive quality—lost in translation. Convivir is that feeling of connectedness and ease you feel when in good company. It means to be amongst each other, honestly and openly and fully. It’s this particular word that Alejandra Liera, who goes by the name Purple, chooses to describe Eastside Café in El Sereno. “We’re all here to enjoy each other’s company, help one another, support one another—that’s the feeling I get when coming to Eastside Café, which is why I fell in love with the place,” she says.Eastside Café in El SerenoPhotograph by Andrea AlonsoDespite its name, Eastside Café isn’t a café at all—you won’t find lattes or pastries or a kitchen of any sort. The small storefront situated on Huntington Drive is a community and cultural center that’s been a neighborhood landmark for almost 15 years, hosting everything from ESL classes to yoga to DACA application clinics, all on a donation basis to ensure inclusivity.The spirit of the space is rooted in the beliefs and values of the Zapatista movement, a revolutionary indigenous group from Chiapas, Mexico, who revolted against the Mexican government and fought for the rights of the disenfranchised indigenous community. As Eastside Café’s mission statement states:We are dedicated to rebuilding, reconstructing and reclaiming our communities by creating sustainable projects and collectives to empower one another…We are committed to supporting an active citizenry and renewed communal identity that is continuously engaged in planning for the future through self-determination, education, cultural arts, and community dialogue.“It’s more than a space, it’s a state of mind,” says Angela Flores, who co-founded Eastside Café with her father and a handful of El Sereno residents in 2004 and who continues to be the café’s guiding force today.Angela Flores, Co-founder of Eastside CaféPhotograph by Andrea AlonsoI first met Flores on a recent Sunday evening, as she methodically tidied up the café after a weekend of co-hosting the Mujeres Market, a pop-up DIY marketplace featuring women-of-color artists and creators. We stacked chairs, she swept the floor, and after the last wave of people filtered out, we sat inside the empty space and talked about its beginnings.When Flores speaks, it’s direct and to the point; she’s not brusque by any means, but her gestures and words seem to have definitive purpose. The idea for the café was born when she was just 12 years old, after her father returned to El Sereno from Chiapas, where he spent time observing and studying the Zapatistas. He came back to California full of ideas and began talking to his family and community members about the movement and their values, honing in on the idea of autonomy that sits at the core of the Zapatista ideology: “We thought: How can we be autonomous? What are some examples? What are some examples of not being autonomous and being colonized? It brought up a lot of approaches to figuring these things out, and one way was just: We need to sit down and talk. I think that’s really at the root of Eastside Café. We need to sit down and talk.”Flores and her father eventually started hosting weekly gatherings in their home each Sunday night, called platicas, bringing together people from the community to discuss the different injustices they were facing and the ways in which they could confront these issues.“We always said: Revolution starts in the kitchen. It meant building community, building relationships, networking,” she says. After two years, they decided to make things more physical and became a mobile collective, hosting events at different spots around the city and tabling at local marketplaces to spread their vision. They called themselves the Eastside Café—adding “café” in honor of the only POC-run café in the neighborhood at the time, Luna Sol.By that time, the Eastside Café had a devoted group of around 30 individuals, motivating Flores and her father to find a physical space to permanently host the collective. They found a cheap storefront on Huntington Drive, and on Día de los Muertos of 2004, Eastside Café celebrated its grand opening. Flores was only 17 at the time and found herself leading the vision of the café, something she saw as a kind of creative incubator for local community members to bring their passions and ideas to life, be it politics, art, music, or educational workshops. It was a large responsibility to take on as a teen, yet Flores threw her heart and soul into the space.But give Flores any credit, and she’ll quickly rebuff. “I don’t do this alone,” she says. She’s quick to point out the many women who support the space and emphasizes the fact that decisions are made collectively, with a horizontal power structure firmly in place. There is no hierarchy, no leader. Instead, those who organize events are referred to as “facilitators,” a democratized title that speaks to the ethos of the space.Two of these facilitators include Purple and Margaux Hernandez, the duo who lead the bi-weekly Womyn’s Circle at the café. “[Womyn’s] Circle is really a place for women of all worlds to come and have a space and outlet to speak and practice empathetic listening skills. A lot of times we don’t realize that we need to work on these skills. It’s a safe space for you not to be filtered,” says Purple, who attended Womyn’s Circle as a participant for two years and began facilitating alongside Hernandez just this year.Purple, Facilitator of Womyn’s Circle at Eastside CaféPhotograph by Andrea AlonsoThe Womyn’s Circle started in Boyle Heights about six years ago at a community space called Corazon Del Pueblo, but lost the space due to gentrification. The group relocated to another autonomous community space in Boyle Heights called La Conxa, but again lost the space due to rising rents. It’s a narrative that’s all too familiar on L.A.’s Eastside (and it’s what spurred Flores and Michelle García Gutiérrez to start El Sereno Against Gentrification). But a few years ago, the womyn of the Womyn’s Circle found themselves at Eastside Café, and have stayed ever since.“We tried having Circle at other locations such as at homes and once at the King Taco in Boyle Heights, but it wasn’t the same,” says Hernandez, who has been facilitating Circle since 2013. “After a few Circles at Eastside Café it felt like home, the energy was positive and loving. Eastside Café and other community spaces are vital to our communities, it opens the doors to the world. It hits all generations of POC, through music, education, inspiration, and love.”Margaux Hernandez, Facilitator of Womyn’s Circle at Eastside CaféPhotograph by Andrea AlonsoBut Hernandez and Purple’s mutual involvement in Eastside Café goes way beyond their own biweekly events. Like Flores, they can be found at almost all of Eastside Café’s gatherings—volunteering their time, coordinating other volunteers, guiding newcomers, and providing a friendly face for regulars. It’s undeniable that the café has become a bastion for female empowerment, championing women of color—not only from El Sereno but all parts of Los Angeles—to step up, fill space, and guide other women to harness their strength by tapping into the collective power: the power of interdependence.“The act of womyn holding space for each other, opening themselves up to their sistah[s], being vulnerable, insightful, and caring, is a beautiful and empowering sight to witness these last years,” Hernandez says.This energy was palpable at the Mujeres Market. The event was a collaboration between Eastside Café and Nalgona Positivity Pride, a “Xicana-Brown-Indigenous project that focuses on intersectional body positivity, eating-disorder awareness, and cultural affirmation” that was founded by Gloria Lucas in 2014 as a response to the lack of representation of women of color in the eating-disorder-awareness community. The lively market feels like the purest realization of Eastside Café’s values and mission statement—women of color setting up shop to showcase their art and connect with each other as a community, while fueling their own independence and individuality.Gloria Lucas, Founder of Nalgona Positivity PridePhotograph by Andrea AlonsoGuided by Flores and her strong support system, the Eastside Café has established itself as an example of what autonomy can look like, but the café has had its fair share of struggles. “It wasn’t always easy. It was hard. There’s no guidebook telling you how to run a place like this,” Flores says. The hardest point came last May, when the landlord of the Eastside Café had decided to sell the property. On Thursday, May 4, at 10 a.m., Flores and a group of Eastside Café devotees sat in the café waiting to meet the potential buyer. It’s at this point in our conversation that Flores’s measured, steady tone begins to rise for the first time. “He walked in, we were all sitting down, and I got up and told him who we were, what we stood for. I showed him a video that we had put together and afterwards I asked him, right there, to drop the deal,” she says.What started as a conversation turned into a protest, ending with the potential buyer offering a proposition: If by Sunday, May 13, they could come up with a bonafide offer to buy the space, he would retreat. Flores and members of the collective immediately got to work spreading the word, and by the next day musicians Aloe Blacc and Maya Jupiter had already donated a combined $60,000 to the cause. A few days later they secured a non-profit as a fiscal sponsor, their GoFundMe campaign was bringing in thousands every hour, and people were driving by the space to drop off any bit of extra cash they could. By May 18, they had raised a total of $120,000—enough to open escrow on the building and enough for the buyer to keep his word and back out of the deal. They had won. And continue conviviendo.RELATED: One of L.A.’s Most Iconic Chicano Murals Is Being Displayed in a Museum for the First Time EverStay on top of the latest in L.A. food and culture. Follow us on Facebook. TAGSEastside CafeEl SerenoPrevious articleThe Best Things to Do in L.A. This WeekNext articleHow the World’s First Movie Stars Made Sure Beverly Hills Didn’t Become Part of L.A.Andrea Alonso RELATED ARTICLESMORE FROM AUTHOREssential T, the Get Shorty Special EditionFrugal Find: Guatemalan Gems at Tikal
Alex Hogan/STAT Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. [email protected] STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. GET STARTED @Pharmalot Log In | Learn More What’s included? By Ed Silverman Jan. 7, 2021 Reprints About the Author Reprints Tags STAT+ Ed Silverman Pharmalot Pharmalittle: Slaoui to become Warp Speed consultant; CureVac teams with Bayer for Covid-19 vaccine help Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Good morning, everyone, and how are you today? Like many others, we are forging ahead despite the disturbing events in the U.S. Capitol. Sorry to say, this was easy to predict (a few years ago, in fact). But there is work to be done, so time to get cracking. We are firing up the coffee kettle and brewing another cup of stimulation — our choice today is French vanilla. Feel free to join us. Meanwhile, as always, we have assembled a few tidbits for you to digest. We hope today is productive and you conquer the world. Stay in touch and stay safe — wear a mask. …The leaders of Operation Warp Speed will continue working on the vaccine rollout during the Biden administration, but Moncef Slaoui, the chief scientific adviser to the government’s vaccine accelerator, will not stay on for long, STAT tells us. Slaoui will take on a reduced role as a consultant for four to six weeks before departing, while Gen. Gustave Perna, Operation Warp Speed’s chief operating officer, said he has not been told whether he will remain at the initiative. Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED What is it?
PwC alleges deleted emails, unusual transactions in Bridging Finance case BFI investors plead for firm’s sale Related news The OSC released a decision Tuesday that represents the latest chapter in the long-running Rankin saga. Rankin sought to have the settlement he reached with the OSC back in 2008 revoked. That settlement had seemingly concluded a case that first saw him convicted of 10 counts of illegal insider tipping on allegations that he tipped a childhood friend, Daniel Duic, to pending mergers and acquisitions when he worked as an investment banker at RBC. That initial conviction was set aside and ordered back to trial, but before a second trial could commence Rankin settled with the OSC, agreeing to an administrative penalty and the withdrawal of the quasi-criminal charges he faced. Last September though, Rankin applied to the OSC to have the settlement tossed out on the grounds that OSC staff failed to disclose to him, before he reached his settlement, that Duic was the subject of an OSC investigation into an alleged breach of a cease trade order. According to the decision released Tuesday, Rankin maintained that OSC staff owed him a duty to disclose the fruits of their investigation regarding the alleged breach by Duic, and that staff knew that full disclosure of the Duic investigation to him would have been very prejudicial to the outcome of settlement negotiations with him. Rankin claimed that if he’d known about the investigation he never would have agreed to the settlement, and would have contested the allegations against him, because it would have fatally undermined Duic’s credibility as a witness against him. OSC staff opposed the application, conceding that it did have an obligation to disclose the existence of the Duic investigation to Rankin, but that it fulfilled that obligation by orally informing Rankin’s legal counsel at the time. The OSC hearing panel denied Rankin’s bid, ruling that when he agreed to the settlement, Rankin was represented by experienced legal counsel. He had received extensive disclosure, and had already been through one criminal trial during which his counsel vigorously contested the OSC’s case and Duic’s credibility. “By any measure, Rankin had a full appreciation of the nature of the allegations against him, the strengths and weaknesses of the case and the nature and quality of the evidence,” it says. The panel also finds that the oral disclosure to Rankin’s counsel of the Duic investigation “was sufficient disclosure” of that investigation. “While it would have been preferable for staff to have communicated that information to Rankin’s counsel in writing, it was not obligated to do so. Once that communication was made, it was up to Rankin’s counsel to make further enquiry if he considered that relevant or appropriate in the circumstances,” the decision says. The panel also addresses the question of whether the result is manifestly unfair to Rankin, and finds that it is not. It says that his claim that he was deprived of ‘crucial information’ relating to Duic’s credibility as a witness “is greatly exaggerated”. It notes that the trading by Duic constituted an unintentional breach of a cease trade order. “That is hardly crucial information going fundamentally to Duic’s credibility as a witness against Rankin,” it says. The panel finds the fact that Duic unintentionally breached a CTO would not “have had any significant effect on a commission panel in assessing Duic’s credibility.” And it notes that it was clearly a significant benefit to Rankin to settle the criminal charges against him by agreeing only to administrative sanctions and avoiding the possibility of criminal penalties. Furthermore, the panel notes that if it grants Rankin’s application, this would lead to a perverse outcome because the limitation period on his case would have expired, meaning it couldn’t bring fresh charges against him. “Accordingly, in our view, dismissing the application in these circumstances is not manifestly unfair to Rankin,” it finds. The panel concludes that Rankin has not established sufficient grounds for the OSC to revoke the settlement agreement. “In our opinion, to order a revocation of the Rankin settlement agreement in these circumstances would be prejudicial to the public interest,” it says. James Langton Mouth mechanic turned market manipulator Share this article and your comments with peers on social media serezniy/123RF Keywords Enforcement, TippingCompanies Ontario Securities Commission The Ontario Securities Commission has denied former investment banker Andrew Rankin’s bid to have his settlement agreement with the OSC withdrawn. OSC mulls Rankin request to change tipping penalties Facebook LinkedIn Twitter
Canada’s first Financial Literacy Leader, Jane Rooney, is looking for influential people within the public, private and non-profit sector across the country to serve on the country’s first National Steering Committee on Financial Literacy. Committee members will be selected from the public, private and non-profit sectors across Canada, including the financial services industry. IE Staff Intuit and Highline Beta launch fintech accelerator Related news Report reveals Canadians’ weak knowledge of retirement income They will provide leadership and promote participation within the sectors they represent, helping to ensure effective coordination across sectors in the development and implementation of a successful National Strategy for Financial Literacy. The Minister of State (Finance) will play a key role in shaping the membership of the steering committee. The minister and the Financial Literacy Leader will consider the roles, experience and achievements of applicants in selecting members of the committee. Preference will be given to candidates that have financial education experience in working with priority groups such as seniors, Aboriginal Canadians, newcomers, youth and low-income Canadians. “By bringing together leaders from so many different sectors within a single committee, our combined efforts will help develop and implement the National Strategy for Financial Literacy,” says Rooney. Interested individuals need to apply online with the Financial Consumer Agency of Canada by June 16. Keywords Financial literacyCompanies Financial Consumer Agency of Canada How to connect with your clients’ kids Facebook LinkedIn Twitter Share this article and your comments with peers on social media
ESMA launches digital finance consultation Fintechs elude official statistics: BIS rawpixel/123RF James Langton The Ontario Securities Commission (OSC) is calling for experts to serve on its fintech advisory committee (FAC), the commission announced Thursday.The FAC advises OSC LaunchPad staff on developments in the fintech space and the challenges faced by start-ups in the securities industry. OSC LaunchPad is a dedicated team that engages with fintech businesses, provides guidance and flexibility in navigating securities regulatory requirements and works to keep regulation in step with digital innovation. Facebook LinkedIn Twitter Share this article and your comments with peers on social media Related news Keywords FintechCompanies Ontario Securities Commission Regulators must avert looming irrelevance: IAP The OSC is looking for candidates with experience in:digital platforms (e.g., crowdfunding portals, crypto-asset trading platforms, online advisers);cryptoassets or distributed ledger technologies (e.g., blockchain);data science or artificial intelligence (AI);venture capital, financial services, securities, legal or accounting experience with a focus on the fintech or technology sector;fintech or technology entrepreneurship;compliance or regulatory technology (RegTech) products; orcryptography or cybersecurity.The FAC meets at least quarterly, with additional meetings as necessary. It is chaired by Pat Chaukos, deputy director, OSC LaunchPad, and will consist of up to 15 members. Membership terms will be for one year.Applications are due by Jan. 4, 2019.